Intel launches a new line of processors to go after a $300 billion market

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Intel's newest Xeon Scalable processors are faster and more data centric than ever before, the company says.

The new Xeon Scalable processor is more"data-centric" and has a faster performance than its predecessor, Intel says.

Shenoy noted that half the world's data was created in the last two years and only 2 percent of it has been analyzed.The trends include a proliferation of cloud computing, the growth of AI and analytics, and cloudification of the network and the edge. In the past five years, Intel saw a 50 percent increase in compute demand, and it predicts the same again in the next five years.

AI is growing from a $2.5 billion chip opportunity, growing to $8 billion to $10 billion by 2022, Shenoy said.

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